December 30, 2019 – Gold and silver rallied strongly last week to break out of their recent trading ranges. Better looking technicals and strength in the mining shares are drawing some attention to the sector. Bond yields moved lower, and that also helped.

The metals look set to finish the year with some solid gains. Silver was priced at $15.36 on Jan. 1 and is up a bit over 16% as of Friday’s close. Gold has performed even better. It opened the year at $1,283 and has risen nearly 18%.

This performance is the best since 2010. The only reason it hasn’t gotten more attention is that the S&P 500 is up over 29%.

Trading will be light in the week ahead around the New Year holiday. Economic data will include the monthly reports on pending home sales, consumer confidence and manufacturing data.



Check out live precious metals prices here:
https://goo.gl/gy5XMA